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The Economic Times

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FinMin advises banks to speed up IBC resolutions

Banks are urged by the finance ministry to work together on insolvency cases. This aims to get more money back and resolve issues faster. A review meeting monitored progress in key cases. Twenty high-value accounts have already been resolved. Banks must reduce delays in filing applications. Public sector bank chiefs will oversee top pending cases.

9 Mar 2026 11:53 pm